Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Whilst typing my message i see some reasons have been suggested, my comment is WHY leave it until mid morning on a day that is virtually an all blue day and a similar amount of shares purchased to the amount sold. sorry but to me it stinks.
Sorry to keep mentioning it, but these "large"sells vary in size depending on the amount of buys that are going through, but it appears to me to be someone is trying to stop the rises that we all believe should and should still be happening, If this is the reason it must be to keep us very cheap for buying us out, or investing in us big time, having leverage over us for JVs ,Loans, etc. they get more shares for their buck if shares are part of the deal!! Please advise if anyone can come up with another better reason?
Again just the ramblings of an "old" LTH.
But like you all it is Baffling,
Yes folks, beleive me i hope not, at this low share price, but what other reason can there be for the continued suppression of our share price.
As i see it the only reason is, for a long time, a sale/buy out of ufo has been on the cards, just waiting for the right time to suit whoever it is.
But if it is for 1p + at least most of us will get our investment back. But if we do get an offer, would it be a anywhere near that figure!!! Doubtful.
Yes bfdinvester:
Been in garden all morning, your statement is what i have thought and commented on before.
Someone wants our share subdued for whatever reason, just look back good news and a few million shares get sold to stop any rise just enough to make new investers think that's strange there must be something going on so theรฝ move on and we come back down, just look at the dealings just a few million is usually enough.
Or perhaps i am just an old fool but "i don't believe it"๐
Normbeef.. Yes I agree we have a quality product that is wanted, But at what price, surly we want to sell our ore to the end user not the competition, so they can make what should be our additional profit!!
Or is that how it works in mining , I know when I was in business, the last thing I did was help my competitors at my companies expense. If I could sell all my production at full price why sell to a middle man, at a reduced price!!!
I know this is all speculation, but one thing that i cannot get out of my head, regarding the AA agreement, they are a miner like we hope to be, not an end user, so they would want to make a profit on the ore they sell on, so my thought is What is that margin, and what will that leave us with? None of us know that answer but , I for one would love to know!!!
Normbeef, I personally am not at all surprised that "something" may be "going on" at EH etc, after all our New Man is very familiar with Precious metals, I stated on this chat board when he was appointed that he may have been bought in for this contacts and possible JV on this project!!
Great news about the permit, fingers crossed, for an big uplift in our current share price
Good morning everyone.
I am having a "Victor I don't believe it"moment, Troy is still listed on our company presentation page as CEO, Alwyn NE CHAIRMAN no mention of Robert Mosig.
Ok they have updated the News page but come on, surely, this makes anyone looking to invest in us big time wonder what they are getting in to.
Rant over, oh and i sent the company an email pointing out the changes required.๐๐ค
Stella Bob, yes I see your point, I suppose it depends on who it is, and what their long term "game" is, so many if's and but's and may be's. but fingers crossed.
There is also the cloud hanging over us of "Windfield's" cut!! that has not been agreed yet!!!
Cheers AJ
As the tenement permit holder/owner i would hope that any jv deal that we sign, would exclude us of any initial development cost, only shared costs incured in actual mining, or an agreed figure per tonne of x dollars net to us after all mining/haulage/etc.
It looks to me like the share suppression squad are out, our share price is going up too much for someones liking.!!!!
Every time we start to climb a few million plus sales go through, it started with 3 million a few minutes past eight not gog the result they wanted so troed again with larger amount 5 million at midday still did not drop so another attempt a while later, still not dropped but it has not gone up either!!!
Is it me getting old ? Probably!!!i am getting more like Victor every day. But i don't beleive it!!!
Or can anyone else see what i am seeing. It appears to me to have been happening for quite a few months.
Yes SK.
And as I posted on Friday the NEW person is more into Precious Metals than Iron Ore!!!
Will our Focus as a company alter towards Silver etc.?
Again it seems "strange" to employ a precious metals person when you are (with permits etc.) about to mine Iron Ore!!!!
A strange thought!!
I find it rather strange that after all the messing about getting the first nations agreement, and the submitting of an application for a permit to mine Iron Ore, that we don't employ someone that has an Solid Iron Ore background, but instead we employ someone with a Silver, Platinum and other precious metals background
Could it be (just a Thought) that HE will look to push EH ,Munni Munni etc as our CORE business after all WE own them plus they already have permits in place, and either sell off or JV Han...k etc. to raise funds to get them started.
Sorry but I do get these weird thoughts.!!!